Interpublic Group (IPG) Form 4 details share conversion to Omnicom
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Interpublic Group of Companies (IPG) director Jon Miller reported a disposition of 90,241 shares of IPG common stock on 11/26/2025 in connection with a merger. EXT Subsidiary Inc. merged with IPG, with IPG surviving as a wholly owned subsidiary of Omnicom Group Inc. under a Merger Agreement dated December 8, 2024.
At the merger’s effective time, each share of IPG common stock was converted into the right to receive 0.344 shares of Omnicom common stock plus cash in lieu of fractional shares. In addition, each outstanding restricted stock award held by the reporting person became fully vested immediately before the effective time and was cancelled and converted into the same merger consideration.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MILLER JON
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 90,241 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- Disposition pursuant to the merger (the "Merger") of EXT Subsidiary Inc. ("Merger Sub") with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Omnicom Group Inc. ("Omnicom"), pursuant to the Agreement and Plan of Merger, dated as of December 8, 2024, by and among the Issuer, Omnicom and Merger Sub (the "Merger Agreement"). Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of common stock, par value $0.10, of the Issuer (the "Issuer Common Stock"), was converted into the right to receive 0.344 shares (the "Exchange Ratio") of common stock, par value $0.15, of Omnicom (the "Omnicom Common Stock"), plus cash in lieu of fractional shares (the "Common Stock Merger Consideration"). Pursuant to the Merger Agreement, each outstanding restrictive stock award ("RSA") that was granted to the Reporting Person, whether vested or unvested, became fully vested immediately prior to the Effective Time and was cancelled and converted into the right to receive the Common Stock Merger Consideration.
FAQ
What did IPG director Jon Miller report on this Form 4 for IPG?
The Form 4 reports that Jon Miller, a director of Interpublic Group of Companies (IPG), disposed of 90,241 shares of IPG common stock on 11/26/2025 in a transaction tied to IPG’s merger with a subsidiary of Omnicom Group Inc.
What happened to Jon Miller’s restricted stock awards in IPG under the merger?
Each outstanding restricted stock award (RSA) held by Jon Miller became fully vested immediately before the merger’s effective time and was then cancelled and converted into the right to receive the same Common Stock Merger Consideration as IPG common stock.
What corporate transaction involving IPG and Omnicom is referenced in this Form 4?
The Form 4 references a merger where EXT Subsidiary Inc. merged with and into IPG, with IPG surviving as a wholly owned subsidiary of Omnicom Group Inc. under an Agreement and Plan of Merger dated December 8, 2024.
Does this IPG Form 4 indicate any remaining beneficial ownership after the reported transaction?
Following the reported disposition related to the merger, the Form 4 shows 0 shares of IPG common stock beneficially owned by the reporting person, with ownership listed as direct before going to zero.